[Wilmar International – F32.SI]

Action: BUY Wilmar International listed on SGX Wilmar International Ltd. is an agribusiness company. The Company is involved in oil palm cultivation, edible oils refining, oil seeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals and biodiesel manufacturing, and grains processing and merchandising. Wilmar also manufactures and distributes fertilizers and owns a…

[High-Yield Dividend Stocks]

Governmental bond rates globally have declined on expectations of a slower economic growth. Our target prices for these two top pick stocks have been stress-tested on the high possibility of a Fed rate cut and the clear decline in Singapore Government Securities (SGS) across a 10-year period. We have evaluated on a lower risk-free assumptions…

Update On Positions

[17th June Post] If you have been following us, then here’s the good news. DBS Group Holdings Entry Price: SGD$23.90 / Current Price: SGD$24.66 / ROI to date: +3% Razor Inc Entry Price: HKD$1.20 / Current Price: HKD$1.490 / ROI to date: +19.5% Singapore Airlines Limited Entry Price: SGD$8.70 / Current Price: SGD$9.17 / ROI…

FIDES TAKE: HANA MICROELECTRONICS (HANA-R.BK)

[FIDES ASSETS: HANA MICROELECTRONICS – SET) 7th June 2019 Action: SELL/SHORT for HANA MICROELECTRONICS (HANA-R.BK) listed on SET) Hana Microelectronics Public Company Limited (HANA), together with its subsidiaries, manufactures and trades in electronic components. It offers printed circuit board assemblies and integrated circuits. The company also provides agent and customer services. It has operations in Thailand, Malaysia,…

FIDES TAKE: VALUETRONICS (VALUE SP)

[FIDES ASSETS: VALUETRONICS – SGX] 6th June 2019 Action: BUY for VALUETRONICS (BN2.SI) listed on SGX Valuetronics Holdings Ltd. offers original equipment manufacturing and original design manufacturing services. The Company serves customers in the telecommunications, industrial, commercial electronic products, and consumer electronic products industries (as per Bloomberg). VALUETRONICS has an existing market capital of SGD$265m. As of…

FIDES TAKE: CHINA GAS (0384.HK)

[FIDES ASSETS: CHINA GAS HOLDINGS LIMITED – HKSE] 1st June 2019 Action: OVERWEIGHT for CHINA GAS (0384.HK) listed on HKSE China Gas Holdings Limited invests in, operates and manages natural gas distribution pipelines. The Company distributes and sells natural gas to residential, commercial and industrial users, and bottles and sells compressed natural gas. China Gas also constructs…

Fides Take: Starhub (STH SP)

[FIDES ASSETS: STARHUB – SGX] 29th May 2019 Action: Maintain SELL for STARHUB (STH SP) listed on SGX StarHub is a telecommunications company with its operations mainly in Singapore. With an existing market capital of SGD$2.7b , this stock has seen better days. As of today, the 52-week high is at SGD$2.05, and 52-week low…

Fides Assets View: DBS Group Holdings

[Fides Assets Singapore Views: DBS GROUP HOLDINGS – SGX] 27th May 2019 Maintain BUY for DBS GROUP HOLDINGS (DBS SP) listed on SGX Target price: SGD$30.20 2019 was a solid start for banks reporting earnings growth of 7%-12% year-on-year (yoy) despite the high base of performance in 2018. A spike in mortgage lending rates helped…